China First Capital says liquidity measures support going concern basis despite auditor disclaimer

• China First Capital issued an update on its auditor’s going-concern disclaimer in its FY2025 annual report.
• Management maintained the accounts were prepared on a going-concern basis, citing a 12-month cash-flow forecast and liquidity measures.
• Debt restructuring documents were substantially finalized; additional creditors joined the support agreement, with the largest creditor still in internal approvals.
• About RMB 900 million of borrowings were renewed or refinanced in 2026; new financing totaled about RMB 529.3 million.
• Asset-disposal progress lagged the plan; HKD 12.4 million of listed equity securities were sold to repay part of margin loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CFCG - China First Capital Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260819-12290558), on August 19, 2026, and is solely responsible for the information contained therein.